Malone USDA Loan Rates, Closing Costs & Stats

Malone, NY

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Malone's 4 lenders originated 12 USDA loans during 2023. The total origination value was $1,660,000, with an average USDA loan value of $138,333.

    Malone USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Malone averaged 6.37% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Malone's average USDA mortgage closing costs are $3,539.

    The average rate for the prior week (2024-12-06) was 6.11% and one month ago for the week of 2024-11-08, the average rate was 6.52%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.5%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Malone USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Malone level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    HOMESTEAD FUNDING CORP. 4 6.75% $1,857
    CROSSCOUNTRY MORTGAGE, LLC 3 6.58% $8,785
    NORTHERN CREDIT UNION 2 6.56% $5,381
    PLAZA HOME MORTGAGE, INC. 2 6.56% $5,381

    The top Malone USDA lender as defined by loan originations is HOMESTEAD FUNDING CORP., with 4 USDA loans originated. Their average total fees are $1,857, which is $6,928 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Malone USDA lenders (with over 10 loans originated) are .

    The lowest rate Malone USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Malone (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $129,800 (3.8%) $265,022 (9.1%) 0.00 335
    2018-02-01 $129,250 (1.0%) $284,957 (14.8%) 0.00 334
    2018-03-01 $134,900 (2.6%) $282,329 (8.9%) 0.00 331
    2018-04-01 $135,000 (3.1%) $288,533 (10.1%) 0.00 337
    2018-05-01 $159,250 (18.5%) $300,161 (13.1%) 0.00 348
    2018-06-01 $165,000 (18.7%) $305,298 (13.7%) 0.00 369
    2018-07-01 $167,000 (18.2%) $326,180 (19.7%) 0.00 402
    2018-08-01 $163,500 (16.8%) $319,257 (18.7%) 0.00 400
    2018-09-01 $165,000 (22.2%) $328,774 (18.8%) 0.00 376
    2018-10-01 $149,000 (10.4%) $316,988 (20.3%) 0.00 351
    2018-11-01 $142,313 (5.4%) $322,411 (24.9%) 0.00 315
    2018-12-01 $140,000 (5.7%) $319,215 (22.9%) 0.00 297
    2019-01-01 $140,000 (7.9%) $308,728 (16.5%) 0.00 267
    2019-02-01 $140,000 (8.3%) $318,459 (11.8%) 0.00 263
    2019-03-01 $149,857 (11.1%) $330,767 (17.2%) 0.00 266
    2019-04-01 $161,225 (19.4%) $333,609 (15.6%) 0.00 272
    2019-05-01 $154,225 (-3.2%) $344,066 (14.6%) 0.00 297
    2019-06-01 $165,000 (0.0%) $359,622 (17.8%) 0.00 319
    2019-07-01 $175,000 (4.8%) $396,139 (21.5%) 0.00 329
    2019-08-01 $172,245 (5.4%) $409,935 (28.4%) 0.00 329
    2019-09-01 $168,114 (1.9%) $400,460 (21.8%) 0.00 325
    2019-10-01 $164,950 (10.7%) $392,039 (23.7%) 0.00 322
    2019-11-01 $159,900 (12.4%) $379,111 (17.6%) 0.00 288
    2019-12-01 $150,250 (7.3%) $387,586 (21.4%) 0.00 264
    2020-01-01 $147,000 (5.0%) $372,468 (20.7%) 0.00 250
    2020-02-01 $158,250 (13.0%) $358,091 (12.4%) 0.00 245
    2020-03-01 $162,200 (8.2%) $355,976 (7.6%) 0.00 243
    2020-04-01 $174,950 (8.5%) $382,466 (14.6%) 0.00 225
    2020-05-01 $184,450 (19.6%) $403,011 (17.1%) 0.00 214
    2020-06-01 $189,300 (14.7%) $444,672 (23.7%) 0.00 216
    2020-07-01 $190,425 (8.8%) $436,483 (10.2%) 0.00 229
    2020-08-01 $189,900 (10.3%) $421,869 (2.9%) 0.00 215
    2020-09-01 $189,900 (13.0%) $414,205 (3.4%) 0.00 213
    2020-10-01 $179,000 (8.5%) $366,006 (-6.6%) 0.00 204
    2020-11-01 $165,375 (3.4%) $331,332 (-12.6%) 0.00 191
    2020-12-01 $165,500 (10.2%) $356,234 (-8.1%) 0.00 172
    2021-01-01 $156,000 (6.1%) $343,531 (-7.8%) 0.00 154
    2021-02-01 $149,950 (-5.2%) $353,921 (-1.2%) 0.00 135
    2021-03-01 $165,500 (2.0%) $373,021 (4.8%) 0.00 124
    2021-04-01 $145,000 (-17.1%) $399,663 (4.5%) 0.00 112
    2021-05-01 $179,900 (-2.5%) $442,279 (9.7%) 0.00 114
    2021-06-01 $189,450 (0.1%) $432,891 (-2.7%) 0.00 123
    2021-07-01 $187,250 (-1.7%) $472,018 (8.1%) 0.00 132
    2021-08-01 $199,000 (4.8%) $445,085 (5.5%) 0.00 144
    2021-09-01 $207,500 (9.3%) $411,977 (-0.5%) 0.00 147
    2021-10-01 $185,000 (3.4%) $390,100 (6.6%) 0.00 141
    2021-11-01 $159,000 (-3.9%) $362,508 (9.4%) 0.00 134
    2021-12-01 $159,000 (-3.9%) $370,366 (4.0%) 0.00 120
    2022-01-01 $165,500 (6.1%) $366,148 (6.6%) 0.00 105
    2022-02-01 $156,725 (4.5%) $295,486 (-16.5%) 0.00 105
    2022-03-01 $159,975 (-3.3%) $282,080 (-24.4%) 0.00 100
    2022-04-01 $165,500 (14.1%) $295,352 (-26.1%) 0.00 104
    2022-05-01 $203,750 (13.3%) $332,151 (-24.9%) 0.00 112
    2022-06-01 $199,500 (5.3%) $400,394 (-7.5%) 0.00 140
    2022-07-01 $210,000 (12.2%) $495,021 (4.9%) 0.00 159
    2022-08-01 $231,000 (16.1%) $491,250 (10.4%) 0.00 159
    2022-09-01 $227,000 (9.4%) $476,877 (15.8%) 0.00 154
    2022-10-01 $215,000 (16.2%) $450,477 (15.5%) 0.00 143
    2022-11-01 $202,250 (27.2%) $449,298 (23.9%) 0.00 139
    2022-12-01 $215,000 (35.2%) $434,842 (17.4%) 0.00 125
    2023-01-01 $185,725 (12.2%) $415,004 (13.3%) 0.00 116
    2023-02-01 $189,000 (20.6%) $416,549 (41.0%) 0.00 113
    2023-03-01 $218,500 (36.6%) $419,133 (48.6%) 0.00 110
    2023-04-01 $212,500 (28.4%) $445,304 (50.8%) 0.00 101
    2023-05-01 $235,250 (15.5%) $472,295 (42.2%) 0.00 114
    2023-06-01 $229,750 (15.2%) $478,859 (19.6%) 0.00 131
    2023-07-01 $249,500 (18.8%) $475,524 (-3.9%) 0.00 158
    2023-08-01 $249,000 (7.8%) $487,141 (-0.8%) 0.00 161
    2023-09-01 $249,900 (10.1%) $603,926 (26.6%) 0.00 156
    2023-10-01 $249,450 (16.0%) $574,978 (27.6%) 0.00 145
    2023-11-01 $249,000 (23.1%) $608,433 (35.4%) 0.00 132
    2023-12-01 $249,450 (16.0%) $613,042 (41.0%) 0.00 125
    2024-01-01 $249,238 (34.2%) $624,549 (50.5%) 0.00 109
    2024-02-01 $263,250 (39.3%) $706,094 (69.5%) 0.00 98
    2024-03-01 $265,000 (21.3%) $684,831 (63.4%) 0.00 101
    2024-04-01 $267,750 (26.0%) $664,480 (49.2%) 0.00 105
    2024-05-01 $268,500 (14.1%) $629,167 (33.2%) 0.00 132
    2024-06-01 $249,000 (8.4%) $619,377 (29.3%) 0.00 144
    2024-07-01 $234,500 (-6.0%) $583,722 (22.8%) 0.00 155
    2024-08-01 $239,000 (-4.0%) $572,201 (17.5%) 0.00 171
    2024-09-01 $238,250 (-4.7%) $566,980 (-6.1%) 0.00 176
    2024-10-01 $233,750 (-6.3%) $605,997 (5.4%) 0.00 167
    2024-11-01 $219,500 (-11.9%) $620,639 (2.0%) 0.00 160
    Malone's median listing price for 2024-11-01 was $219,500, a difference of $-29,500 (-11.9%) versus the prior year and $-14,250 versus the prior month.

    Malone's median listing price comes in at 0% of the national average.

    Malone's average listing price for 2024-11-01 was $620,639, a difference of $12,206 (2.0%) versus the prior year and $14,642 versus the prior month.

    For the 2024-11-01 period, Malone had 160 MLS listings, a difference of -7 listings (-4%) versus the prior month and 28 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Malone (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,556 sqft
    2018-02-01 0 days 1,551 sqft
    2018-03-01 0 days 1,550 sqft
    2018-04-01 0 days 1,559 sqft
    2018-05-01 0 days 1,563 sqft
    2018-06-01 0 days 1,556 sqft
    2018-07-01 0 days 1,565 sqft
    2018-08-01 0 days 1,565 sqft
    2018-09-01 0 days 1,586 sqft
    2018-10-01 0 days 1,577 sqft
    2018-11-01 0 days 1,593 sqft
    2018-12-01 0 days 1,600 sqft
    2019-01-01 0 days 1,620 sqft
    2019-02-01 0 days 1,631 sqft
    2019-03-01 0 days 1,657 sqft
    2019-04-01 0 days 1,672 sqft
    2019-05-01 0 days 1,627 sqft
    2019-06-01 0 days 1,630 sqft
    2019-07-01 0 days 1,624 sqft
    2019-08-01 0 days 1,624 sqft
    2019-09-01 0 days 1,624 sqft
    2019-10-01 0 days 1,626 sqft
    2019-11-01 0 days 1,621 sqft
    2019-12-01 0 days 1,625 sqft
    2020-01-01 0 days 1,620 sqft
    2020-02-01 0 days 1,616 sqft
    2020-03-01 0 days 1,651 sqft
    2020-04-01 0 days 1,673 sqft
    2020-05-01 0 days 1,680 sqft
    2020-06-01 0 days 1,717 sqft
    2020-07-01 0 days 1,776 sqft
    2020-08-01 0 days 1,742 sqft
    2020-09-01 0 days 1,754 sqft
    2020-10-01 0 days 1,728 sqft
    2020-11-01 0 days 1,711 sqft
    2020-12-01 0 days 1,650 sqft
    2021-01-01 0 days 1,633 sqft
    2021-02-01 0 days 1,590 sqft
    2021-03-01 0 days 1,637 sqft
    2021-04-01 0 days 1,577 sqft
    2021-05-01 0 days 1,669 sqft
    2021-06-01 0 days 1,676 sqft
    2021-07-01 0 days 1,785 sqft
    2021-08-01 0 days 1,666 sqft
    2021-09-01 0 days 1,675 sqft
    2021-10-01 0 days 1,674 sqft
    2021-11-01 0 days 1,625 sqft
    2021-12-01 0 days 1,650 sqft
    2022-01-01 0 days 1,738 sqft
    2022-02-01 0 days 1,506 sqft
    2022-03-01 0 days 1,454 sqft
    2022-04-01 0 days 1,563 sqft
    2022-05-01 0 days 1,555 sqft
    2022-06-01 0 days 1,518 sqft
    2022-07-01 0 days 1,588 sqft
    2022-08-01 0 days 1,705 sqft
    2022-09-01 0 days 1,664 sqft
    2022-10-01 0 days 1,649 sqft
    2022-11-01 0 days 1,662 sqft
    2022-12-01 0 days 1,608 sqft
    2023-01-01 0 days 1,544 sqft
    2023-02-01 0 days 1,584 sqft
    2023-03-01 0 days 1,625 sqft
    2023-04-01 0 days 1,718 sqft
    2023-05-01 0 days 1,713 sqft
    2023-06-01 0 days 1,650 sqft
    2023-07-01 0 days 1,649 sqft
    2023-08-01 0 days 1,610 sqft
    2023-09-01 0 days 1,666 sqft
    2023-10-01 0 days 1,629 sqft
    2023-11-01 0 days 1,666 sqft
    2023-12-01 0 days 1,715 sqft
    2024-01-01 0 days 1,699 sqft
    2024-02-01 0 days 1,695 sqft
    2024-03-01 0 days 1,657 sqft
    2024-04-01 0 days 1,646 sqft
    2024-05-01 0 days 1,636 sqft
    2024-06-01 0 days 1,600 sqft
    2024-07-01 0 days 1,604 sqft
    2024-08-01 0 days 1,611 sqft
    2024-09-01 0 days 1,584 sqft
    2024-10-01 0 days 1,593 sqft
    2024-11-01 0 days 1,596 sqft
    Malone's median listing age (time on market) for 2024-11-01 was 0 days.

    Malone's median square footage for active listings during the 2024-11-01 period was 1,596 sqft. One year prior, the average listing was 1,666 sqft.